Zip 05753 (Middlebury, VT) Economy


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United States / Vermont / No Metro Area / Addison County / No City / Middlebury (zip 05753)
Middlebury, VT 05753 is a small town of around 8,600 people located in Addison County. It is known for its beautiful Green Mountains and its strong sense of community. The 2 bedroom rent in Middlebury is $1,190 which is significantly lower than the US average of $1,430. The Grocery Cost Index in Middlebury is 109 versus the US average of 100.
Middlebury has many local companies that contribute to the town's economy such as Middlebury College, King Arthur Flour Company, and Vermont Soapstone Company. Middlebury College is a private liberal arts college that offers undergraduate and graduate degrees to students from all over the world. King Arthur Flour Company specialises in baking ingredients and educational materials for professional bakers and home cooks alike. Vermont Soapstone Company produces custom countertops crafted from natural soapstone quarried right here in Vermont.

Middlebury (zip 05753) has an unemployment rate of 2.7%. The US average is 6.0%.

Middlebury (zip 05753) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Middlebury (zip 05753)
- The Sales Tax Rate for Middlebury (zip 05753) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Middlebury (zip 05753) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Middlebury (zip 05753)
- The average income of a Middlebury (zip 05753) resident is $30,039 a year. The US average is $28,555 a year.
- The Median household income of a Middlebury (zip 05753) resident is $74,926 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMiddlebury, VermontUnited States
  2.76
  -6.2%-6.2%
  29.9%33.5%
  7.0%6.2%
  6.6%4.6%
  $35,246$37,638
  $74,926$69,021
  $101,048$85,028
  Population by Occupation
  2.6%1.2%
  0.0%0.5%
  3.8%6.8%
  7.2%10.0%
  1.7%2.5%
  9.7%11.0%
  1.7%4.8%
  0.5%0.8%
  0.6%1.9%
  2.7%4.7%
  0.8%1.9%
  6.5%7.6%
  0.0%0.1%
  2.5%4.2%
  30.5%9.3%
  14.8%14.0%
  1.2%2.1%
  7.6%7.0%
  3.5%4.8%
  2.1%4.7%
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